Throughout the years, Bitcoin mining has been known for its contribution to environmental pollution. But now, it is looking for alternative mining methods. That is why a nuclear-powered Bitcoin mine, the first of its kind, is launched in the United States.  The focus is to mine cryptocurrencies using cleaner energy than the traditional method. We all know that computers consume …

Recently, Binance announced that Signature Bank would not support any cryptocurrency transaction of less than $100k. This would be effective from February 1 and for every Signature’s crypto exchange client. Therefore, some people won’t be able to use SWIFT bank transfers to purchase or sell digital assets for smaller amounts.  Binance said that 0.01% of average monthly users were directly …

After Kraken, Coinbase Global Inc. is stopping its operations in Japan stating the reason being volatile market conditions and decreased demand for digital assets in the nation.  Coinbase got the license just a year and a half ago from the Japanese regulators. This seems on par with the current market situation, with FTX’s downfall and more. Last year, the value …

As per the opinion of PlanB, Bitcoin is set to reach $100,000 in 2023, as depicted by the stock-to-flow model (S2F) and logarithmic regression. He mentions S2F despite the recent failure of the S2F model, and his study of the worst-case scenario of the current market situation through the floor model or worst-case scenario model.  This anonymous Twitter pseudonymous analyst …

Last year, San Francisco-based eCommerce startup Bolt was set to acquire Wyre for 1.5 billion, but Bolt backed out at the last moment.  Amidst the rumors of Wyre being shut down, we hear that crypto wallet MetaMask is ending services for the Wyre crypto payment platform. It has removed Wyre from its mobile aggregator, which allowed people to purchase cryptocurrencies …

A lawmaker from Hong Kong thinks that a government-backed stablecoin would provide a better opportunity of entering the world of Web3. Wu Jiezhuang, a member of the Legislative Council of the Hong Kong Special Administrative Region is a strong supporter of this idea of turning the Hong Kong digital dollar (e-HKD) into a stablecoin. This stablecoin will be government-backed rather …

The crypto industry is in the midst of a golden period as the new year gets underway. 2023 is certain to be a year of exciting breakthroughs and ground-breaking innovations since new technologies, services, and goods are on the horizon. The upcoming year seems to be an exciting one for crypto aficionados, with everything from DeFi to NFTs, CBDCs to …

In 2023, you have to have a new license to operate cryptocurrencies in Alaska. The government of Alaska has decided to add virtual cryptocurrencies to financial and transmission regulations. As per the reports of 19th December from the law firm Cooley, Alaska has decided to include virtual currencies within the transmission regulations.  According to the amended local Administrative Code which …

Kazakhstan’s central bank is planning to bring a CBDC to the market (as early as 2023) and add more functionalities to it through phased expansion. It might be fully ready for commercial usage by the end of 2025. According to the officials of NBK (National Bank of Kazakhstan), this is the feasible time to do it, and the product is …

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